SPRING, TX / ACCESSWIRE / May 10, 2018 / True North Energy Corp. (OTC PINK: TNEN) ("True North" or the "Company"), announces that that it will not proceed with the acquisition transaction contemplated by the August 2017 term sheet previously entered into with migme ltd, an Australian company ("Migme") (which term sheet was subsequently extended and amended in December 2017 and further extended in April 2018)(the "Term Sheet"). The last offer put forth by Migme and its wholly-owned subsidiary, Amiki Pte Ltd. ("Amiki"), was insufficient in funding commitments and legal content to satisfy True North's requirements, and Migme failed to respond to outstanding due diligence requests made by True North, dating back months ago.
True North Energy Announces Cessation of Previously Planned Acquisition Transaction and Provides Updates Regarding Other Previously Announced Transactions
Apr 12, 2019
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